Hexa Research Inc. projects the global 3D Gaming Console Market to grow lucratively (over 12% CAGR) in the forecast period (2016 to 2024). Market volumes could surpass 61 million units by 2024. This may be attributed to the extraordinary gaming experience offered by 3D (three-dimensional) game consoles. Technical innovations have facilitated gamers to get a feel of the ‘real environment’ while playing.

Moreover 3D technology creates ‘near-perfect’ spatial localization that renders an accurate perception of surface materials in gaming. The ‘immersive’ feel thus offered is unparalleled. Demand is also buoyed by rising purchasing power. Youngsters, especially, are attracted to these games due to their realistic visuals.

A major constraint on industry growth is the high developmental costs of gaming software. Prolonged gaming has an adverse effect on humans, especially the eyes. Also, with smart phones equipped with three-dimensional technology, the demand for 3D consoles may drop.

Sony Playstation, Microsoft Xbox, and Nintendo Wii are highly popular brands. Consoles are available in four types; namely hand-held, home, dedicated, and micro. Based on regions, the global market consists of Asia Pacific, Europe, North America, South America, and the MEA (the Middle East & Africa).

Europe reigned in 2015 and is expected to do the same till 2024. Asia Pacific held considerable shares in 2015. China is a major contributor to Asia Pacific. India, South Korea, and Japan are the other key consumers in this region.

Asia Pacific should be the fastest-growing geography during 2016 to 2024. This will be ascribed to its high population and innovative technologies (like 3D imaging, virtual reality, augmented reality, etc.). The U.S. is likely to witness rapid growth in the near future. Its attraction for three-dimensional consoles drives the nation.

‘Microsoft Corporation’ faces direct competition from ‘Sony’ products. It introduced ‘Xbox game stations’ and ‘HoloLens VR headsets’ to enter the 3D ‘games station’ industry. Most of the players are engaged in technological developments that will provide completely ‘immersive experience’ to gamers. They also enter partnerships and consolidations for the same.

Browse Related Category Reports @BYOD (Bring Your Own Device) Market : – Proliferation of services, such as 4G LTE may drive the BYOD (Bring Your Own Device) Market in developed & developing economies in the forthcoming years.

Aerial Imaging Market : – The Aerial Imaging Market is driven by the demand for aerial images and related geospatial data. It also faces high demand from the forestry & agriculture sector and other commercial enterprises.

About Us:Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.